Skip to main content Skip to footer ![EFG Hermes advises on Maarif Education’s landmark acquisition of Ibn Khaldoun Education in Saudi Arabia](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/08/EFG-Holding.jpeg/w=1024,h=683)
This complex transaction stands as one of the most substantial investments to date in Saudi Arabia’s private K-12 education sector
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By the end of 2023, tourism contributed 5 percent to GDP, with a goal of reaching 10 percent by 2030
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Empowering women benefits business, as research shows diverse boards outperform non-diverse ones by 20 percent
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The UAE-China economic partnership continues to flourish, with over 14,500 Chinese business licenses issued in the UAE
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This expansion comes from a partnership with Al Nesoor Law Firm, a Baghdad firm with 30 lawyers and 24 years of experience in M&As
![Saudi economy grows 64 percent to $1.09 trillion in nominal GDP from 2016 to 2023, says Finance Minister](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/03/Saudi-non-oil-economy.jpg/w=1024,h=683)
Al-Jadaan projected a 4.6 percent growth rate for non-oil GDP in Saudi Arabia in 2025
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January Brent oil futures dipped 0.1 percent to $72.78 a barrel
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President-elect Trump threatens new trade tariffs on China, Canada, and Mexico, sparking fears of a trade war
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Brent oil futures expiring in January fell 0.2 percent to $72.70 a barrel
![Saudi Arabia approves FY2025 budget, forecasts $315.2 billion in revenues](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/11/Saudi-budget.jpg/w=1024,h=683)
The approved state general expenditures amount to SAR1.285 trillion ($342.07 billion)
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Outflows sharply contrast with last week's $3.3 billion in Bitcoin ETF inflows, where IBIT captured over 60 percent
![Saudi Arabia sets world record for largest food cluster with $5.3 billion investment to create 43,000 jobs by 2035](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/11/Saudi-Arabia-food-cluster.jpg/w=1024,h=682)
Over the next ten years, the Jeddah Food Cluster is expected to contribute SAR8 billion to national exports and add SAR7 billion to the nation's GDP